Identify Which of the Following Statements Is False

question 37

Multiple Choice

Identify which of the following statements is false.

• A)For purposes of trust administration, the term "sprinkling" relates to the discretionary authority of the trustee to distribute income among various beneficiaries.
• B)The IRS may terminate an estate as a taxpayer after the expiration of a reasonable period of time for performance of the administrative duties.
• C)Assets in a revocable trust do not avoid probate.
• D)Assets in a revocable trust are included in the gross estate.

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Definitions:

Tardive Dyskinesia

A neurological disorder characterized by involuntary, repetitive body movements, often resulting from long-term use of antipsychotic medication.

Schizophrenia

A long-term mental disorder characterized by distortions in thinking, perception, emotions, language, sense of self, and behavior.

V5 Neuron

A type of neuron that is primarily responsible for processing motion in the visual cortex of the brain.

Directions of Motion

The path along which something moves, proceeds, or is directed.